79% of Brazilians preferred to consume in local businesses during the pandemic, according to the study conducted by Mastercard. According to the data, 91% of those surveyed should continue this habit after the pandemic. Among Brazilian respondents, 64% are actively buying to help independent shops, 87% said that the last few months have made them more aware of those in need, and 88% said they feel a greater sense of community now.
Source: Money Times
Vale and state authorities reduced their gap in negotiations for a possible global deal to repair damage from the Brumadinho disaster to R$11 billion ($2.1 bn) before the talks ended unsuccessfully. Authorities in Minas Gerais had agreed to reduce the amount to be paid by Vale to R$40 billion ($7.5 bn), compared to R$54 billion ($10 bn) previously requested. Vale offered R$29 billion ($5.3 bn), which led to failure in the search for a settlement.
Source: UOL Economia
Over the course of 2020, the Secretary of State for Agriculture, Fisheries and Rural Development invested around R$51.4 million ($9.7 mm) in the Terra Boa Programme to support the purchase of maize seeds, limestone, improved pastures, beekeeping and soil cover. More than 71,000 rural producers were assisted in all regions of Santa Catarina.
Source: Portal do Agronegocio
One of the main ways out used by Brazilians in the face of the pandemic and social isolation were electronic games. Proof of this is that financial transactions made on major gaming platforms and consoles grew 140% in 2020 compared to 2019, according to a study by Visa cards. According to the company, there was also a 105% increase in the number of cards purchased for games or extensions between October 2019 and September 2020.
Source: Valor Investe
Omega Generation announced a share offering with secondary distribution of 24,479,998 papers, which it expects to price on the 28th. Considering the closing price of R$ 41.75 ($7.8) on the 22nd, the follow-on, which has Itaú BBA as coordinator, may move R$ 1.022 billion ($188 mm). The offer will have as selling shareholder the investment fund Bolt, managed by Santander, Caceis Brasil Distribuidora de Títulos e Valores Mobiliários S.A. and managed by Tarpon Gestora de Recursos S.A.
Source: Money Times
Brazil’s GDP advanced 1.1% in November compared to October 2020, according to the GDP Monitor, compiled by the Brazilian Institute of Economics of the Getulio Vargas Foundation (Ibre/FGV). Compared to November 2019, the economy fell 0.6% in November 2020. The 1.1% growth of the economy in November compared to October reflects the growth registered in the three major economic activities (agriculture and livestock, industry and services).
Source: Correio Brasiliense
The wind turbine blade manufacturer Aeris is in negotiations with Siemens Gamesa for a potential contract whereby it would supply the company with equipment with a capacity equivalent to 3.3 gigawatts, the company said in a relevant fact. The contract would, in principle, run until 2024 and have a total estimated value of R$2.5 billion ($463 million), Aeris added, in a statement to the Securities Commission (CVM).
Source: Money Times
Bank lending in Brazil grew 15.4% in 2020, its fastest pace since 2012, showed Febraban research. The growth was driven by lending to companies, which sought money to tackle the Covid-19 crisis. The credit portfolio of companies grew 21.7 percent in 2020, while credit to individuals increased 10.8 percent, the survey found.
Brazil’s coffee harvest in 2021 is expected to be between 43.85 million and 49.58 million 60-kilo bags, a drop of between 21.4% and 30.5% compared to last year, projected by the state-owned Companhia Nacional de Abastecimento (Conab) in its first survey of the season. Arabica coffee production was estimated at between 29.7 million and 33 million bags, with a decline of between 32.4% and 39% compared to the previous year.
Source: 6 Minutes
Following a trend in the national and international market, Renault announced the launch of a R$ 869/month ($160) subscription vehicle service, called Renault On Demand, with national coverage. The consumer only needs to worry about filling up the vehicle as maintenance, insurance and document management costs, for example, are included in the service.
Source: SP Invest